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Ohio: GM, Ford, and Chrysler News & Info

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As you know, GM has announced plans to lay off 25,000.  I thought this would be a good place to keep a running log of its impacts on Ohio.

 

First, a look at the numbers from the 6/8/05 Akron Beacon Journal:

 

GM & Ohio

 

General Motors is a mighty presence in the Buckeye State, with:

 

...

 

http://www.ohio.com/mld/ohio/business/11841883.htm?source=rss&channel=ohio_business

 

 

More on the effects statewide from the 6/8/05 Akron Beacon Journal:

 

Dramatic cuts by GM to reverberate in Ohio

25,000 jobs, several plants to be cast off by 2008

Moves must be approved by United Auto Workers

Analyst says busy Lordstown factory not in jeopardy

From staff and wire reports

 

Will Ohio be a nimble survivor or a big, juicy target when General Motors starts swinging its mighty ax?

 

The auto giant announced Tuesday that it will eliminate 25,000 jobs by 2008 and close an unspecified number of plants to trim costs and reinvigorate its North American auto business.

 

...

 

http://www.ohio.com/mld/ohio/business/11841941.htm?source=rss&channel=ohio_business

 

 

A story about the Moraine plant from the 6/8/05 Dayton Daily News:

 

Moraine Assembly's 4,165 workers at risk

By Jason Roberson

Dayton Daily News

 

DAYTON | General Motors Corp. put the nation on high alert Tuesday when its chief executive announced a plan to slash at least 25,000 jobs and close an undisclosed number of plants. The 4,165 workers at the Moraine Assembly Plant, which produces midsize sport utility vehicles, are at risk.

 

...

 

Contact Jason Roberson at (937) 225-2446. The Associated Press contributed to this report.

 

http://www.daytondailynews.com/business/content/business/daily/0608gm.html

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GM is a great company.  Although Toledo is known for Jeep, it also has a sizeable GM Powertrain plant.  I will always have a special fondness for GM products.

 

GM has a 27% market share nationwide, but a 40% share here in Ohio.  :clap:

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^^ 40%??? Sometimes i think you just grab numbers from out of your anus..lol

 

It was in the link fool.

 

GM & Ohio

 

General Motors is a mighty presence in the Buckeye State, with:

 

* Nearly 20,000 employees (making GM Ohio's largest manufacturing employer and sixth- largest employer overall).

* More than 65,000 retirees.

* Nearly 40 percent of Ohio's annual car and truck sales.

 

Good job.  :drunk:

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From the 6/9/05 Akron Beacon Journal:

 

 

Area workers wary of GM's ills

Increased health-care costs, not job security, concern employees at Lordstown plant

By Jim Mackinnon

Beacon Journal business writer

 

John Prince got his first job at General Motors Corp.'s mammoth Lordstown assembly plant when he was 19.

 

Thirty-five years later, the United Auto Workers member is not sure that today's 19-year-olds should follow in his footsteps, even though he has made a good living at Lordstown.

 

...

 

Jim Mackinnon can be reached at 330-996-3544 or jmackinnon@thebeaconjournal.com

 

http://www.ohio.com/mld/ohio/business/11851308.htm?source=rss&channel=ohio_business

 

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From the 7/31/05 Dayton Daily News:

 

 

GM Moraine article brings strong reaction

Some call study flawed because of assumptions

By Jason Roberson

Dayton Daily News

 

MORAINE | A headline this week read: "Oil price spikes put GM Moraine at risk."

 

That headline captured the essence of a 40-page report produced by a respected university and an environmental advocacy group that concluded that if gasoline prices were to reach $3 a gallon or higher, then auto plants that make lower-mileage vehicles, like the mid-size sport utility vehicles at the Moraine Assembly Plant, could close or reduce operations.

 

...

 

Contact Jason Roberson at 225-2446.

 

http://www.daytondailynews.com/business/content/business/daily/0731gmmoraine.html

 

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From the 8/9/05 Dayton Daily News:

 

 

Cities seeking income buffers

Dayton, Kettering, Vandalia, Moraine talk tax sharing

By Jaclyn Giovis

Dayton Daily News

 

DAYTON | As Delphi Corp. tries to avoid bankruptcy, four Montgomery County cities are exploring ways to soften the effect that potential plant consolidations, shutdowns and job losses could have on their individual tax bases — and encourage the company's growth and success in the region.

 

Economic development officials from Dayton, Kettering, Vandalia, and Moraine are discussing an income tax sharing agreement that would spread the financial pain and gain from Delphi's business decisions throughout the region.

 

...

 

http://www.daytondailynews.com/business/content/business/daily/0809delphiside.html

 

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I certainly think this is a step in the right direction.  When (not if) Delphi closes some local plants, it will definitely hit the region hard.  Sounds like this may help soften the blow a little bit to each community.  And also, hopefully this will continue the trend of better regional cooperation that I've been seeing lately. 

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From the 9/2/05 PD:

 

 

Ford sets Dec. 23 closing date for Lorain plant

Friday, September 02, 2005

Christopher Jensen

Plain Dealer Auto Editor

 

Los Angeles - Ford figures the Lorain Assembly Plant will build its last full-size van during the week of Dec. 19 and close on Dec. 23, ending a 47-year run in which Lorain workers built millions of vehicles, including F-100 pickups, Falcons, Comets and Thunderbirds.

 

It is not clear which day of that week the last of the big E-vans will be built. That will depend on customer demand, Ford spokes woman Anne Marie Gattari said.

 

The vans are best known as the Econoline, which is often used for airport shuttles, although heavier-duty variants are sold for a wide variety of commercial uses. Ford leads the segment for full-size vans. 

 

A large part of Ford's problem was that it could build more ve hicles than it could sell, and plants that are not operating at full capacity are expensive.

 

More at

 

http://www.cleveland.com/business/plaindealer/index.ssf?/base/business/1125664437196210.xml&coll=2

 

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From the 9/4/05 Dayton Daily News:

 

 

PHOTO: A chain and padlock secures the gate to a parking lot along Dryden Rd at the site of the demolished Delphi Plant. The only building still standing on the property is shown in the background. Photo by Skip Peterson

 

PHOTO: Delphi worker Andy Winchek of Beavercreek is seven months away from retirement and wonders if one will even be awaiting him. He also wonders who will buy American cars when no one's left to afford them. Here he stops after work for a beer at the Need 1 More bar near the plant. DDN PHOTO BY CHRIS STEWART

 

Delphi's woes could pinch area's economy

By Jason Roberson

Dayton Daily News

 

DAYTON | Delphi Corp., a large auto parts supplier and employer to 5,700 Dayton-area workers, could file for bankruptcy and close several plants in the coming weeks. Is the region ready?

 

The Troy, Mich.-based company is seeking help from General Motors Corp., its former parent company and top customer, and the United Auto Workers, its largest union, in restructuring its expensive cost structure.

 

...

 

Dayton Daily News photographer Chris Stewart contributed to this report. Contact Jason Roberson at 225-2446.

 

http://www.daytondailynews.com/business/content/business/daily/0904delphi.html

 

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I think they already tore down a part of the Wisconsin Bouelevard plant...within the last 5 or 6 years.

 

Believe it or not it was an auto assembly plant from before WWI ..they made Speedwell cars there.  Then it became a munitions plant for the Russians during WWI...Daytonians of that time called it "The Bullet Works"...it was owned by Americans but they had a big munitions contract with the Russian Empire....in fact there was officers from the Czarist army there supervising operations...

 

Only a small part of the plant exists today..it used to be called "The Dayton Wire Wheel Factory", probably related to Speedwell..its on the east side of the railroad.

 

The Delphi Plant on Home Avenue actually started out as a factory for the Wright Brothers early planes. 

 

@@@@@

 

As for job loss, it seems Dayton has been through this before with he big NCR shutdown in the early 1970s.  Im guessing an even earlier version of mass layoffs was after WWI when the Barney and Smith Car Works finally went under (although the 1920s boom was  underway and the local economy was able to absord the laid-off workers). 

 

The big change nowadays is that the local economy is maybe not growing so much, or the kind of jobs really dont replace the Delphi jobs in terms of either skill or pay. 

 

One does wonder what the future holds for this city.  It has from the very start been based in manufacturing of various types...theres been a lot of churn through history as to what was made here, but the constant was that things where always being made.

 

 

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From the 9/19/05 Dayton Business Journal:

 

 

Time soon may run out for Delphi

Tracy Kershaw-Staley

DBJ Staff Reporter

 

Desperate to slash costs, Delphi Corp. soon will make decisions that could close plants and force thousands of men and women out of work.

 

The 5,700 local Delphi workers are waiting to hear the future of the area's five plants with the circumstances more grim than ever before. Four of the plants sit in the company's automotive holdings group, most likely the first plants to be closed or drastically altered. And most workers have little chance of finding work at the same wages they now earn at Delphi.

 

...

 

http://dayton.bizjournals.com/dayton/stories/2005/09/19/story1.html


From the 9/19/05 Dayton Business Journal:

 

 

Employees in search of alternatives

Tracy Kershaw-Staley

DBJ Staff Reporter

 

Todd Salyers may have come to Delphi Corp. a generation too late.

 

Eight years into the job, he's not expecting to receive the same pension his father, a retired General Motors Corp. worker, enjoys.

 

...

 

E-mail tkershaw-staley@bizjournals.com. Call 222-6900, ext. 116.

 

© 2005 American City Business Journals Inc.

 

http://dayton.bizjournals.com/dayton/stories/2005/09/19/story2.html

 

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From the 9/19/05 Dayton Business Journal:

 

 

GM plant in Moraine could dodge a bullet

Facility has been most productive for 3 years

Tracy Kershaw-Staley

DBJ Staff Reporter

 

The Moraine Assembly Plant might emerge unscathed from General Motors Corp.'s latest round of troubles, some industry experts say.

 

In fact, the plant, which manufactures mid-size trucks and sport utility vehicles, could come out a winner in GM's restructuring plan that includes cutting 25,000 workers and closing plants in North America in the next three years.

 

...

 

E-mail tkershaw-staley@bizjournals.com. Call 222-6900, ext. 116.

 

© 2005 American City Business Journals Inc.

 

http://dayton.bizjournals.com/dayton/stories/2005/09/19/story4.html

 

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From the 9/20/05 Dayton Daily News:

 

 

Delphi may dump pensions on feds

By Jason Roberson

Dayton Daily News

 

DAYTON | Delphi Corp., the nation's largest automotive parts supplier, could be the next company to dump its pension obligations on the federal government. But even with a federal cap on pension funding, Delphi workers might get most of the money that's due to them.

 

A 1999 agreement between General Motors Corp. and the United Auto Workers labor union calls for GM to fund Delphi's pensions if Delphi, GM's former parts division, filed for bankruptcy and if the federal Pension Benefit Guaranty Corp. refused to fulfill Delphi's obligations.

 

...

 

Contact Jason Roberson at 225-2446.

 

http://www.daytondailynews.com/business/content/business/daily/0920delphi.html


From Columbus Business First, 9/22/05:

 

 

Delphi counters market rumors

 

Struggling auto parts maker Delphi Corp. squashed market rumors that it had drawn down the remaining liquidity from its $1.8 billion credit line.

 

...

 

© 2005 American City Business Journals Inc.

 

http://www.bizjournals.com/columbus/stories/2005/09/19/daily26.html?from_rss=1

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From the 9/24/05 Dayton Daily News:

 

 

Miller: Delphi likely to close plants

Job banks that pay laid-off workers in full may end

By Dee-Ann Durbin

Associated Press

 

TROY, MICH. | Delphi Corp. employees should expect plant closings and the end of jobs banks — which pay laid-off workers their full wages and benefits — as the auto supplier reorganizes, Chairman and CEO Steve Miller said Friday. He said he will decide whether white-collar layoffs are needed by the end of this year.

 

"The fact is, we are out of money," Miller said.

 

...

 

http://www.daytondailynews.com/business/content/business/daily/0924delphi.html

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From the 10/5/05 New York Times:

 

 

Delphi prepares for the worst

Company ready to file for bankruptcy as early as this week

By Danny Hakim

New York Times

 

DETROIT | Delphi, the nation's largest supplier of auto parts, is prepared to file for bankruptcy as early as this week, lining up lawyers and restructuring consultants in preparation for what would be the domestic auto industry's largest filing in recent times.

 

...

 

http://www.daytondailynews.com/business/content/business/daily/1005delphi.html

 

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Dephi Files for Bankruptcy

 

Dayton Daily News

 

 

 

DAYTON | Delphi Corp., the nation's largest auto parts maker, filed for Chapter 11 bankruptcy reorganization early Saturday afternoon, adding new uncertainty for the company's 5,700 area employees, business partners and local governments dependent on its tax revenues...

 

...

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From the 10/9/05 Dayton Daily News:

 

 

Delphi: 5,700 local jobs at risk

By John Nolan

Dayton Daily News

 

DAYTON | Delphi Corp., the nation's largest auto parts maker, filed for Chapter 11 bankruptcy reorganization early Saturday afternoon, adding new uncertainty for the company's 5,700 area employees, business partners and local governments dependent on its tax revenues.

 

The Delphi bankruptcy is one of the largest in the country's history. It includes Delphi, ranked No. 63 among the nation's Fortune 500 companies, and 38 of its U.S. subsidiaries.

 

...

 

http://www.daytondailynews.com/business/content/business/daily/1009delphi.html


Also from the 10/9/05 DDN:

 

 

Leaders: Impact on cities unclear

By Lynn Hulsey

Dayton Daily News

 

DAYTON | Community leaders across Montgomery County said the true impact of Saturday's bankruptcy filing by Delphi Corp. remains to be seen.

 

"The question is ... what does that really mean? Does that mean that they close operations? Does that mean that they simply cut employees, cut retirement benefits? We'll be waiting to see that as well," Kettering City Manager Steve Husemann said in anticipation of Saturday's filing.

 

...

 

Contact Lynn Hulsey at (937) 225-7455.

 

http://www.daytondailynews.com/business/content/business/daily/1009delphireax.html


Also from the 10/9/05 DDN:

 

 

Timeline of Delphi company

 

1909-10: Charles F. Kettering, Edward A. Deeds, William A. Chryst and the "Barn Gang" develop a new automobile ignition system in the Deeds Barn, 319 Central Ave. They sell 5,000 to Henry M. Leland for the 1910 Cadillac.

 

1909: Dayton Engineering Laboratories Co. (D.E.L.Co.) is incorporated. Chryst chooses the name.

 

1910: Automobile self-starter is first operated by Kettering.

 

1912: Cadillac features the self-starter.

 

...

 

http://www.daytondailynews.com/business/content/business/daily/1009delphitimeline.html

 

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There was another article about this in the paper again.  Theres concerns aboout how this is going to impact the local Delphi suppliers...with maybe the end result being more than the 5K- 6K they are saying that may lose their jobs directly from the shutdown.

 

And also about the impact on local governments with the loss of tax money.

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^ Here are the articles you were talking about, Jeff. From the 10/12/05 AP:

 

 

Judge OKs $950M financing for Delphi

Company says it filed for bankruptcy to 'deal with legacy liabilities'

By the Associated Press

 

DETROIT | A judge approved $950 million in financing on Tuesday for auto supplier Delphi Corp., which is expected to consolidate or divest a significant portion of its U.S. plants during its stay in bankruptcy court.

 

The debtor-in-possession loan, assembled by a large consortium of lenders led by J.P. Morgan Chase & Co. and Citigroup Inc., will help the company to operate during its bankruptcy, which is expected to end in early 2007.

 

...

 

http://www.daytondailynews.com/business/content/business/daily/1012delphi2.html


From the 10/12/05 Dayton Daily News:

 

 

Montgomery County officials bracing for worst

'It's difficult to feel wildly optimistic about the plants here'

By Lynn Hulsey

Dayton Daily News

 

DAYTON | — Delphi Corp.'s filing for Chapter 11 bankruptcy has Montgomery County officials bracing for the worst, with one top official predicting the auto parts maker will close all five local plants and put 5,700 employees out of work.

 

Those employees earn about $260 million annually.

 

...

 

http://www.daytondailynews.com/business/content/business/daily/1012delphi.html


Montgomery County's plan to help workers

By Lynn Hulsey

Dayton Daily News

 

• Use new Career Transition Center, 4257 Dryden Road in Moraine, to help Job Center handle displaced workers.

• Analyze workers' average age, wage, work experience, job description and educational background.

• Craft a plan to help with budgeting, training and credit and career counseling.

• Get Trade Act Certification to provide income support, relocation and job search allowances and health-coverage tax credits.

• Establish committee of local colleges, universities and technical schools to help workers.

 

http://www.daytondailynews.com/business/content/business/daily/1012delphibox.html

 

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From the 10/12/05 Dayton Business Journal:

 

 

Delphi chief says he will try to save plants

Tracy Kershaw-Staley

DBJ Staff Reporter

 

Delphi Corp. Chief Executive Officer Steve Miller said Wednesday he will take an "extremely hard look" at what can be done to save plants in Dayton and other communities during the auto maker's Chapter 11 proceedings.

 

But hourly workers could see wage cuts as early as the second quarter of next year, he said.

 

...

 

E-mail tkershaw-staley@bizjournals.com. Call 222-6900, ext. 116.

 

© 2005 American City Business Journals Inc.

 

http://www.bizjournals.com/dayton/stories/2005/10/10/daily18.html?from_rss=1

 

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From the 10/13/05 Dayton Daily News:

 

 

Delphi set to reveal cuts

Initial proposal to be announced Oct. 21; high labor costs must be curtailed, CEO says

By John Nolan

Dayton Daily News

 

Ailing auto parts maker Delphi Corp. will make its first post-bankruptcy proposal on worker wage and benefit cuts on Oct. 21, the company's chairman and chief executive said Wednesday.

 

If an agreement with the company's unions isn't reached by mid-December, Delphi will ask a bankruptcy judge to void its contracts, said Robert S. Miller in a news conference Wednesday at Delphi's headquarters in Troy, Mich.

 

...

 

Contact John Nolan at 225-2242.

 

http://www.daytondailynews.com/business/content/business/daily/1013delphi.html


From the 10/14/05 AP:

 

 

4 Delphi Ohio sites at risk of shutdown

Group they're in is called prime for cuts

Friday, October 14, 2005

Associated Press

 

Detroit -- Four Delphi Corp. plants in Ohio are at risk of being consolidated, sold or closed as the auto supplier, which filed for bankruptcy protection last weekend, prepares to restructure.

 

While the company hasn't said which plants will be affected, some are at more risk than others.

 

...

 

http://www.cleveland.com/business/plaindealer/index.ssf?/base/business/112928738935070.xml&coll=2


From same:

 

 

Failing plants

Friday, October 14, 2005

 

Delphi Corp. says it will consider closing plants as part of its restructuring in Chapter 11 bankruptcy proceedings. Delphi already has placed the following plants in its Automotive Holdings Group, which is a division for plants that are failing to meet profit goals. The number of workers at each plant includes hourly and salaried workers. Ohio plants are in bold.

 

...

 

http://www.cleveland.com/business/plaindealer/index.ssf?/base/business/112928740135070.xml&coll=2

 

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From the 10/16/05 Washington Post:

 

 

Delphi domino effect is what industry needs

Wake-up call in order for U.S. automakers, unions; world has changed markedly, and so should they

By Steven Pearlstein

Washington Post

 

WASHINGTON - The bankruptcy filing by Delphi Corp. is likely to bring about the wrenching industry restructuring that automakers and their unions have avoided for decades. It has set in motion a chain of events that threatens to bring down General Motors, rattle financial markets, cripple the Midwest's economy and saddle taxpayers with unfunded pension obligations.

 

Coming up with the right response to this challenge means understanding the problem. So let's start by dispelling two popular myths.

 

...

 

http://www.ohio.com/mld/ohio/business/12909998.htm?source=rss&channel=ohio_business


From the 10/16/05 Dayton Daily News:

 

 

Coalition comes to Delphi's aid

Lawmakers: Group gathering info, resources

By Jessica Wehrman

Washington Bureau

 

WASHINGTON | Two Ohio congressmen have organized a coalition of lawmakers with Delphi Corp. facilities or employees in their districts as part of an effort to seek federal help for the struggling company, which declared bankruptcy this month.

 

Reps. Ted Strickland, D-Lisbon, and Tim Ryan, D-Niles, said they hope the coalition can gather information on Delphi's bankruptcy as well as work force and retiree issues.

 

...

 

http://www.daytondailynews.com/business/content/business/daily/1016caucus.html

 

 

 

 

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From the 10/16/05 Dayton Daily News:

 

 

Delphi families prepare for major changes

By Jim DeBrosse

Dayton Daily News

 

SPRINGBORO | Missy McReynolds was "raised a GM brat," as she puts it, secure in the knowledge that her "daddy had a great job" as she grew up in Carlisle. Today, her father, Ron Madden, is less than a year away from retirement from Delphi Inc.

 

McReynolds' husband, Jeff, landed a job with Delphi eight years ago as well, opening the door to a secure future for her own three boys. The couple bought a roomier home in Springboro five years ago and began to save for their sons' college educations.

 

...

 

http://www.daytondailynews.com/business/content/business/daily/1016delphifamilies.html


From the 10/16/05 Dayton Daily News:

 

 

Crisis raises questions

By Jim Dillon

Dayton Daily News

 

Delphi Corp.'s filing for Chapter 11 bankruptcy reorganization on Oct. 8 and related developments last week have raised a lot of questions, many of which can't be answered definitively now. But here's my take on some of the larger questions.

 

Q: Why didn't Delphi's former parent, General Motors Corp., come to Delphi's rescue?

A: GM would have helped Delphi if GM did not face some of the same financial problems that Delphi does. GM, like Delphi, must find a way to cut its staggering wage, benefit and pension costs. GM, according to reports, is seeking cuts of $1 billion a year and changes in retiree plans that could remove another

 

...

 

http://www.daytondailynews.com/business/content/business/daily/1016dillon.html

 

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From the 10/16/05 Dayton Daily News:

 

 

Unions face restructuring, pension issues

By John Nolan

Dayton Daily News

 

DAYTON | Leaders of Delphi Corp.'s major unions say its chief executive officer, Robert S. Miller Jr., has disparaged the very ranks of hourly employees who have been loyal to Delphi and have worked to help it grow.

 

The labor leaders further say that they don't know what to expect from Delphi this week, when the auto parts maker says it will tell its three biggest labor unions what it needs from them to emerge from bankruptcy reorganization. Plant closings are likely as Delphi tries to reduce its costs of hourly labor and their benefits, but the company will evaluate all its U.S. operations before deciding which facilities will be shut down, who will lose jobs and which products will be phased out, Miller says.

 

...

 

Contact John Nolan at 225-2242.

 

http://www.daytondailynews.com/business/content/business/daily/1016uaw.html


From the 10/17/05 Dayton Business Journal:

 

 

Delphi execs take pay cuts

 

Delphi Corp. Chairman and Chief Executive Officer Steve Miller will work for $1 per year, and other executives will take 10 percent to 20 percent pay cuts as the company deals with Chapter 11 bankruptcy, Delphi announced Monday.

 

Miller's $1 salary will be effective Jan. 1, 2006, until Delphi emerges successfully from its Chapter 11 reorganization. He will keep his $3 million signing bonus he received when joining Delphi, but will not receive a future bonus, severance or pension plan.

 

...

 

E-mail dayton@bizjournals.com. Call 222-6900.

 

© 2005 American City Business Journals Inc.

 

http://www.bizjournals.com/dayton/stories/2005/10/17/daily3.html?from_rss=1


From the 10/17/05 Dayton Daily News:

 

 

Delphi workers anxious

Waiting for answers from company on what it will cost, if not their jobs, to survive

By John Nolan

Dayton Daily News

 

DAYTON | Union employees of Delphi Corp. are apprehensive as the company prepares to tell its hourly workers what sacrifices it wants from them to emerge from bankruptcy reorganization and compete with lower-cost rivals.

 

The mood was somber on Sunday in a meeting of United Auto Workers Local 696, in Dayton, and in the Delphi brake plant on Needmore Road where many of them work, union member Joyce Vance said. The statement by Delphi's chief executive officer, Robert S. Miller Jr., that plant closings are inevitable as the auto parts maker strives to cut its hourly labor and benefits expenses is weighing heavily on the minds of union workers, Vance said.

 

...

 

Contact John Nolan at 225-2242.

 

http://www.daytondailynews.com/business/content/business/daily/1017uaw.html

 

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From the 10/18/05 Dayton Daily News:

 

 

Delphi's suppliers briefed on status

How they stand on creditors' list and what it means

By Stephanie Irwin

Dayton Daily News

 

MORAINE | About 100 local suppliers of Delphi Corp. gathered Monday at the Mandalay Banquet Center to learn where they stood among all of the bankrupt company's many creditors.

 

The meeting was quickly organized by the Dayton Chamber of Commerce to steer suppliers worried about their short-term survival through the steps of Delphi's bankruptcy.

 

...

 

Contact Stephanie Irwin at (937) 225-7404.

 

http://www.daytondailynews.com/business/content/business/daily/1018delphisuppliers.html


From same:

 

 

COMMENTARY

D.L. Stewart: Delphi economics don't add up for little guy

By D.L. Stewart

Dayton Daily News

 

It may be that I am not the best possible person to be passing along sensitivity advice. But somebody needs to mention to the fat felines at Delphi Corp. that they're the front-runners for this year's Marie Antoinette Award.

 

Robert "Steve" Miller, the company's chairman and chief executive, has a reputation of being a no-nonsense, tell-it-like-it-is kind of guy. But in an excerpt of a speech I saw televised locally, he seemed to be doing his impression of a modern-day Spiro Agnew.

 

...

 

Contact D.L. Stewart at 225-2439 or by e-mail at dlstewart@DaytonDailyNews.com.

 

http://www.daytondailynews.com/business/content/business/daily/1018dl.html

 

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http://www.cleveland.com/autonews/plaindealer/index.ssf?/base/business/1129895727182560.xml&coll=2

 

Well this is certainly never good for one's economic psyche.  Seems Ford is planning to close some American plants as part of restructuring.  The company employs 7,000 in NEO.  Avon Lake's plant is secure, as they just moved some vehicles there, but the Lima plant and Brook Park operations are up in the air. 

 

Overall, this is more evidence that manufacturing in the US is dead and isn't coming back.  For a region like Cleveland, it should be further proof that we MUST retrain our population for high-tech jobs and service positions.... 

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Avon Lake's plant is secure, as they just moved some vehicles there

 

err not exactly great news there! they moved work to avon lake from next door in lorain. the lorain ford plant is closing. thats more like rearranging deck chairs on the ne ohio ford titanic.

 

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From the 10/21/05 Dayton Daily News:

 

 

Delphi to seek wage concessions from three unions today

By John Nolan

Dayton Daily News

 

DAYTON | Today, auto parts maker Delphi Corp. will ask its three biggest unions to make wage concessions, with a Dec. 16 deadline for either reaching agreement or seeking court approval to dump current contracts and impose new ones.

 

Delphi Chief Executive Robert S. Miller Jr. says Delphi needs the concessions to emerge from bankruptcy reorganization and compete with lower-cost rivals. Delphi filed for Chapter 11 bankruptcy on Oct. 8. It hopes to emerge from bankruptcy in early to mid-2007.

 

...

 

Contact John Nolan at 225-2242.

 

http://www.daytondailynews.com/business/content/business/daily/1021delphi.html


From the 10/22/05 Dayton Daily News:

 

 

Delphi lays out tough plan

Deadline set to lower wages, reduce jobs

By Jim Dillon

Dayton Daily News

 

DAYTON | Auto parts maker Delphi Corp. wants to drastically cut wages and jobs, close or sell plants, drop various benefits and have workers pay a larger portion of their health-care costs, according to the union that represents 2,000 of Delphi's 4,200 local hourly workers.

 

Leaders of the International Union of Electronic Workers-Communications Workers of America met Thursday in Troy, Mich., with Delphi officials to hear the company's initial proposal to modify the current IUE-CWA contracts, according to an update posted Friday on the IUE-CWA website.

 

...

 

Contact Jim Dillon at 225-7311.

 

http://www.daytondailynews.com/business/content/business/daily/1022delphi.html

 

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I will add these articles as well:

 

1) Cincinnati Business Courier: Ford plans more plant closings (10/20/05)

Mentions the Sharonville Transmission Plant (employs 2300) and the Batavia Transmissions plant (employs 1400).

 

2) Cincinnati Enquirer: Area Ford plants hope to survive (10/21/05)

This one also mentions Sharonville and says that Ford has assured the mayor that the plant is in pretty good shape to survive.  It also mentions the Batavia plant, where Ford invested $155 million two years ago to produce fuel-efficient six-speed transmissions.

 

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From the 10/23/05 Dayton Daily News:

 

 

Delphi's plight ripples through area

MANUFACTURING: Retailers see workers curbing spending

By By John Nolan

Dayton Daily News

 

DAYTON | Merchants say they are seeing signs of spending restraint by auto industry workers as Delphi Corp. and its former owner, General Motors Corp., consider whether to close plants and cut employment to reduce operating costs.

 

Lottery ticket sales have dropped off in recent weeks at the Mor For Less supermarket a few blocks from the Delphi Chassis plant on Home Avenue, said Steve Carroll, a manager at the store.

 

...

 

Contact John Nolan at 225-2242.

 

http://www.daytondailynews.com/business/content/business/daily/1023delphieffect.html


Also from the 10/23/05 Dayton Daily News:

 

 

Delphi bankruptcy creates, affects health care concerns

By Kevin Lamb

Dayton Daily News

 

Delphi's bankruptcy is the tip of an iceberg that's likely to poke a growing hole in the health care budgets of Dayton-area residents, say experts and executives in providing and paying for health care.

 

They expect the inevitable reduction of jobs and health coverage at Delphi and General Motors to accelerate the trend of employers' shifting health care costs to employees, doctors and hospitals. To stay in business, employers say they need to collect more money for less coverage from employees and pay lower fees to hospitals and doctors, after inflation.

 

...

 

Contact Kevin Lamb at 225-2129 or e-mail klamb@DaytonDailyNews.com

 

http://www.daytondailynews.com/business/content/business/daily/1023anthem.html

 

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From the 10/24/05 Dayton Business Journal:

 

 

Suppliers of Delphi hope to get paid

Tracy Kershaw-Staley

DBJ Staff Reporter

 

When Delphi Corp. filed Chapter 11 bankruptcy this month, the company was besieged by phone calls from its suppliers, wanting to know what will happen to them.

 

They're starting to find out -- and it isn't pleasant.

 

...

 

E-mail tkershaw-staley@bizjournals.com. Call 222-6900, ext. 116.

 

© 2005 American City Business Journals Inc.

 

http://dayton.bizjournals.com/dayton/stories/2005/10/24/story3.html

 

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From the 10/25/05 Dayton Daily News:

 

 

Four cities to share Delphi income tax revenue

By Jim Bebbington

Dayton Daily News

 

DAYTON | — Four communities, home to Delphi plants that are threatened as the company moves through bankruptcy, have reached a first-of-its-kind agreement to share income tax revenue from Delphi plants as a way of sharing the pain from any plant closures.

 

City leaders from Dayton, Kettering, Moraine and Vandalia have agreed to a 10-year deal in which they pool all income tax revenue from Delphi employees. The money will be divided among the four communities in proportion to how much they would have received had the deal been in place in 2004.

 

...

 

Contact Jim Bebbington at 225-2262.

 

http://www.daytondailynews.com/business/content/business/daily/1025delphi.html


From the 10/26/05 Dayton Daily News:

 

 

Union members take a stand

Delphi workers, supporters rally

Pledges to resist company's bid to gain new pacts

By John Nolan

Dayton Daily News

 

DAYTON | Union members worried about whether their jobs at Delphi Corp. will survive the company's cost-cutting efforts during its bankruptcy reorganization staged a "march for jobs" on Tuesday.

 

Labor leaders from Delphi's Dayton-area plants said they will work together in response to what they described as Delphi management's intent to abolish existing union contracts in U.S. Bankruptcy Court.

 

...

 

Contact John Nolan at 225-2242.

 

http://www.daytondailynews.com/business/content/business/daily/1026delphi.html

 

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From the Dayton Daily News, 10/29/05:

 

 

Delphi lays out reasons for problem

CEO: Symbol of what's gone wrong in U.S.

By Jessica Wehrman

jwehrman@coxnews.com

 

WASHINGTON | The chief executive officer of Delphi Corp. on Friday characterized the company's Chapter 11 bankruptcy as a "metaphor for nearly every economic and social issue gripping American manufacturing," blaming a combination of high labor and legacy costs and increased competition from both in the United States and abroad.

 

Robert "Steve" Miller Jr., chairman and CEO of Delphi, told reporters Friday his company is undergoing a "total business review" that will result in Delphi staying in some of its businesses, selling others and ultimately shuttering some.

 

...

 

Contact Jessica Wehrman at (202) 887-8328.

 

http://www.daytondailynews.com/business/content/business/daily/1029delphi.html

 

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